NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - NYSE:NGG - US6362744095 - ADR
76.95 USD
+0.25 (+0.33%)
76.95 USD
0 (0%)
We assign a technical rating of 8 out of 10 to NGG. Although NGG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
NGG is one of the better performing stocks in the Multi-Utilities industry, it outperforms 75% of 25 stocks in the same industry.
NGG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
NGG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that NGG is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, NGG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
55.44
77.73
5 important support areas can be observed.
- A support zone ranging from 74.34 to 74.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 72.03 to 73.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.09 to 70.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 67.43 to 67.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.96 to 76.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 71.25 | POSITIVE | NGG has a high relative strength, it outperformed 71.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.73 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests NGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.38 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 34.6 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
76.95
+0.25 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.33%
1 Week0%
2 Weeks3.26%
1 Month7.55%
3 Month6.65%
6 Month6.82%
12 Month17.75%
2 Year27.93%
3 Year40.88%
5 Year29.44%
10 Year-1.48%
15 Year48.56%
Volatility
ATR(14)0.99
ATR(20)%1.26%
ATR Inc-42.46%
Range Today0.52
ADR(20)0.85
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.25
3 months CRS68.11
6 months CRS42.22
Mansfield0.16
10 Day High77.27
10 Day Low73.28
20 Day High77.27
20 Day Low71.15
52 Week High77.27
52 Week Low55.82
CS1 End74.58
CR1 Start76.96
Volume & EV
DER(3)-1.6%
DER(5)-1.01%
Volume367.00K
Volume Incr-22.85%
Vol(5)558.22K
Vol(50)603.42K
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 8 / 10 to NGG.
What is the current trend direction of NATIONAL GRID PLC-SP ADR (NGG) stock?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 68.7348. This indicates that the stock is currently neutral.
What is the MACD signal for NGG stock?
The MACD indicator for NATIONAL GRID PLC-SP ADR (NGG) has a value of 0.202722, indicating a bearish trend.
What is the short term momentum for NGG stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is positive.